1902 3rd Ave · Richmond, VA
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $666 – $1,236
Heat risk 8/10 · Major
- Hot days now (above 105°F)
- 7 days/yr
- Hot days in 30 yrs
- 16 days/yr
Wind risk 6/10 · Moderate
- Chance of severe wind over 30 yrs
- 27.0%
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the C grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +16.5/30.0
- ARV discount +15.0/15.0
- DSCR +5.1/10.0
- 1% rule +4.8/10.0
- Rent growth +4.4/5.0
- Livability +4.2/5.0
- Schools +3.3/10.0
- Condition / age +2.5/5.0
- Appreciation +0.0/10.0
$275,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
1902 N 3rd Street is a rare opportunity to restore a large historic home in one of Richmond’s steadily growing Northside neighborhoods. Offering approximately 2,868 square feet on a generous 9,099-square-foot lot, this property gives the next owner the kind of size, footprint, and flexibility that is getting harder to find in the city. With a true three-level layout, including finished 3rd-floor space, the home offers substantial potential for the right investor, contractor, or buyer with vision. This property is in distressed condition and is being sold as a full renovation project. Per seller-provided information, burst pipes have caused damage to the flooring, there is visible roof deterioration with a section of roof coating coming loose, and the photos reflect a home that is in generally rough shape throughout. Buyers should expect significant repairs, updates, and improvements across the property, making this best suited for someone prepared to take on a true rehab. What makes this opportunity especially compelling is that the home has already shown what it can become. Previously renovated and sold in 2021, this property offers a strong reminder of the potential that exists here with the right plan, budget, and execution. The square footage, three finished levels, lot size, and historic character create a strong foundation for a transformational project. Located in Northside, an area that continues to see ongoing reinvestment and rising interest from buyers and investors alike, 1902 N 3rd Street presents the chance to bring a sizable Richmond home back to life in a neighborhood where restored properties continue to stand out. For someone who can see past the current condition, the upside here is clear. Sold strictly as-is. Property is being sold strictly as-is, where is. Inspection for informational purposes only.
Key facts
- Historic home
- Generous lot size
- 9,099 sq ft lot
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4-bed/4.0-bath single-family listed at $275k.
Deal economics
- At list price, monthly cash flow is $162 ($2k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $269k (2.1% below list).
- Recommended offer: $258k (6.0% below list) — sets the bar for market timing.
- Cap rate 7.0% vs local median 3.3% in Richmond — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 84/100 on livability (#33 in VA, #793 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime D-.
- Richmond City Public School District (urban): math 32% / reading 47% proficiency, ranked #123 of 131 in VA (top 94%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
- Market conditions: Rents rising fast (+7.4%/yr); 179 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 2,540 units permitted in Richmond city in 2024 (2,077 in 5+ unit buildings).
- At $2,693/mo this rent would consume 53% of the median local household income ($61k/yr) (locally 1325% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
- Richmond County population projected at +40% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
Negotiation context
- It's been on market 61 days — a 6% lower offer ($258k) is reasonable based on typical stale-listing flexibility.
- 15 sale attempts since 25y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
Risks & watch-outs
- Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 61 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
- Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
- Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 0.98% ✗
- Cap rate
- 7.00%
- Cash-on-cash
- 2.52%
- DSCR
- 1.11
- GRM
- 8.5
CMA / ARV
- ARV (median comp)
- $399,569
- List price
- $275,000
- Delta
- -31.18%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 2201 4th Ave | 0.22mi | 5/3.0 (+1) | 2,864 (-0%) | 11mo | $395,475 | $138 | 71 |
| 2216 4th Ave | 0.25mi | 4/3.0 | 2,824 (-2%) | 16mo | $450,000 | $159 | 69 |
| 1606 Monteiro Ave | 0.37mi | 3/3.0 (-1) | 2,690 (-6%) | 2mo | $432,500 | $161 | 62 |
| 2115 2nd Ave | 0.17mi | 4/3.5 | 2,540 (-11%) | 14mo | $605,000 | $238 | 60 |
| 1 King St | 0.48mi | 4/3.5 | 2,616 (-9%) | 3mo | $399,900 | $153 | 58 |
| 508 Fourqurean Ln | 0.66mi | 4/2.5 | 2,979 (+4%) | 0mo | $295,000 | $99 | 56 |
| 2304 3rd Ave | 0.28mi | 4/1.5 | 2,715 (-5%) | 15mo | $400,000 | $147 | 55 |
| 2610 Barton Ave | 0.61mi | 4/3.0 | 2,951 (+3%) | 14mo | $555,000 | $188 | 51 |
| 2603 Norwood Ct | 0.54mi | 3/2.5 (-1) | 2,662 (-7%) | 2mo | $541,000 | $203 | 50 |
| 115 Overbrook Rd | 0.73mi | 3/3.0 (-1) | 2,910 (+2%) | 8mo | $472,500 | $162 | 48 |
| 109 Overbrook Rd | 0.70mi | 4/3.5 | 2,608 (-9%) | 19mo | $635,000 | $243 | 34 |
| 2606 North Ave | 0.65mi | 4/2.5 | 2,454 (-14%) | 19mo | $405,000 | $165 | 23 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 7.43% rent growth · sell at horizon
- IRR
- -7.3%
- Equity multiple
- 0.72×
- Total profit
- $-21,648
- Equity at exit
- $41,003
- IRR
- 7.3%
- Equity multiple
- 1.66×
- Total profit
- $51,118
- Equity at exit
- $23,777
Cash invested: $77,000 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 55 Moderately Landlord-Leaning
- State Virginia
- 55 Moderately Landlord-Leaning · D+2
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 23222
- Rents YoY
- 7.4%
- Active inventory
- 179
- Price-to-rent
- 8.5×
Monthly cashflow live
- Estimated rent
- $2,693 high interval (Pro) →
- Mortgage (P&I)
- −$1,442
- Tax from tax record
- −$409 /mo · $4,908/yr
- Insurance
- −$115
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$565
- Net cashflow
- $162
Break-even live
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $68,750
- Closing costs
- $8,250
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 7 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 3007 3rd Ave Richmond, VA | 3.0 | 3.0 | 2036 | $2,295 | $1.13 | 44d | 1 | 0.84mi |
| 3400 Carolina Ave Richmond, VA | 4.0 | 2.5 | 3960 | $2,850 | $0.72 | 17d | 1 | 1.22mi |
| 1313 N 20th St Richmond, VA | 3.0 | 2.0 | 2000 | $2,045 | $1.02 | 12d | 1 | 1.28mi |
| 2701 Northumberland Ave Richmond, VA | 3.0 | 3.0 | 2310 | $2,630 | $1.14 | 4d | 1 | 1.34mi |
| 105 E Broad St Unit 2B Richmond, VA | 3.0 | 3.0 | 2322 | $2,795 | $1.20 | 4d | 1 | 1.37mi |
| 1308 N 23rd St Richmond, VA | 3.0 | 2.5 | 2052 | $2,900 | $1.41 | 17d | 1 | 1.43mi |
| 1500 W Moore St Unit B Richmond, VA | 3.0 | 2.5 | 2500 | $3,700 | $1.48 | 44d | 1 | 1.49mi |
Listing history 44 events
-
2026-05-13status Pending 1857-char remark
Show marketing remark (1857 chars)
1902 N 3rd Street is a rare opportunity to restore a large historic home in one of Richmond’s steadily growing Northside neighborhoods. Offering approximately 2,868 square feet on a generous 9,099-square-foot lot, this property gives the next owner the kind of size, footprint, and flexibility that is getting harder to find in the city. With a true three-level layout, including finished 3rd-floor space, the home offers substantial potential for the right investor, contractor, or buyer with vision. This property is in distressed condition and is being sold as a full renovation project. Per seller-provided information, burst pipes have caused damage to the flooring, there is visible roof deterioration with a section of roof coating coming loose, and the photos reflect a home that is in generally rough shape throughout. Buyers should expect significant repairs, updates, and improvements across the property, making this best suited for someone prepared to take on a true rehab. What makes this opportunity especially compelling is that the home has already shown what it can become. Previously renovated and sold in 2021, this property offers a strong reminder of the potential that exists here with the right plan, budget, and execution. The square footage, three finished levels, lot size, and historic character create a strong foundation for a transformational project. Located in Northside, an area that continues to see ongoing reinvestment and rising interest from buyers and investors alike, 1902 N 3rd Street presents the chance to bring a sizable Richmond home back to life in a neighborhood where restored properties continue to stand out. For someone who can see past the current condition, the upside here is clear. Sold strictly as-is. Property is being sold strictly as-is, where is. Inspection for informational purposes only.
-
2026-03-13$275,000 Active 1857-char remark
Show marketing remark (1857 chars)
1902 N 3rd Street is a rare opportunity to restore a large historic home in one of Richmond’s steadily growing Northside neighborhoods. Offering approximately 2,868 square feet on a generous 9,099-square-foot lot, this property gives the next owner the kind of size, footprint, and flexibility that is getting harder to find in the city. With a true three-level layout, including finished 3rd-floor space, the home offers substantial potential for the right investor, contractor, or buyer with vision. This property is in distressed condition and is being sold as a full renovation project. Per seller-provided information, burst pipes have caused damage to the flooring, there is visible roof deterioration with a section of roof coating coming loose, and the photos reflect a home that is in generally rough shape throughout. Buyers should expect significant repairs, updates, and improvements across the property, making this best suited for someone prepared to take on a true rehab. What makes this opportunity especially compelling is that the home has already shown what it can become. Previously renovated and sold in 2021, this property offers a strong reminder of the potential that exists here with the right plan, budget, and execution. The square footage, three finished levels, lot size, and historic character create a strong foundation for a transformational project. Located in Northside, an area that continues to see ongoing reinvestment and rising interest from buyers and investors alike, 1902 N 3rd Street presents the chance to bring a sizable Richmond home back to life in a neighborhood where restored properties continue to stand out. For someone who can see past the current condition, the upside here is clear. Sold strictly as-is. Property is being sold strictly as-is, where is. Inspection for informational purposes only.
-
2021-10-21soldstatus $380,000 Closed 1230-char remark
Show marketing remark (1230 chars)
Need a spacious 5br/4ba? Or might you be interested in monetizing your living experience with AIRBNB/Short Term Rental income, need all this space for Group Home business model, Student Housing, etc. Look no further!!! This beautiful Renovated Modern Farmhouse vibe historic Victorian home w/ finished 3rd floor in Chestnut Hills, perfect for primary residence or income property opportunities! Minutes from downtown & VCU! Fresh trend updates in 2021! Offers an open floor plan & still maintaining its charm w/ HARDWOODS that flow through the common area & original pine up the stairs. Open kitchen offers tons of storage at base cabinets & then artful upper new shelving for the organized kitchen & striking displays of your favorite cookbooks and accessories! Stainless appliances convey, island with overhanging pendent lights, recessed lighting & ceramic tile flooring. The 1st floor also features a private hallway with an additional room perfect for an office/study & full bath. 2018-All new electric, plumbing, HVAC. A sought after home sitting stately on a large lot with a wrap around porch, double rear decks for sunrises/sunset views and multiple car off street parking.
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2021-09-17status Pending 1230-char remark
Show marketing remark (1230 chars)
Need a spacious 5br/4ba? Or might you be interested in monetizing your living experience with AIRBNB/Short Term Rental income, need all this space for Group Home business model, Student Housing, etc. Look no further!!! This beautiful Renovated Modern Farmhouse vibe historic Victorian home w/ finished 3rd floor in Chestnut Hills, perfect for primary residence or income property opportunities! Minutes from downtown & VCU! Fresh trend updates in 2021! Offers an open floor plan & still maintaining its charm w/ HARDWOODS that flow through the common area & original pine up the stairs. Open kitchen offers tons of storage at base cabinets & then artful upper new shelving for the organized kitchen & striking displays of your favorite cookbooks and accessories! Stainless appliances convey, island with overhanging pendent lights, recessed lighting & ceramic tile flooring. The 1st floor also features a private hallway with an additional room perfect for an office/study & full bath. 2018-All new electric, plumbing, HVAC. A sought after home sitting stately on a large lot with a wrap around porch, double rear decks for sunrises/sunset views and multiple car off street parking.
-
2021-09-02$398,100 Active 1230-char remark
Show marketing remark (1230 chars)
Need a spacious 5br/4ba? Or might you be interested in monetizing your living experience with AIRBNB/Short Term Rental income, need all this space for Group Home business model, Student Housing, etc. Look no further!!! This beautiful Renovated Modern Farmhouse vibe historic Victorian home w/ finished 3rd floor in Chestnut Hills, perfect for primary residence or income property opportunities! Minutes from downtown & VCU! Fresh trend updates in 2021! Offers an open floor plan & still maintaining its charm w/ HARDWOODS that flow through the common area & original pine up the stairs. Open kitchen offers tons of storage at base cabinets & then artful upper new shelving for the organized kitchen & striking displays of your favorite cookbooks and accessories! Stainless appliances convey, island with overhanging pendent lights, recessed lighting & ceramic tile flooring. The 1st floor also features a private hallway with an additional room perfect for an office/study & full bath. 2018-All new electric, plumbing, HVAC. A sought after home sitting stately on a large lot with a wrap around porch, double rear decks for sunrises/sunset views and multiple car off street parking.
-
2021-09-01price $398,100 1230-char remark
Show marketing remark (1230 chars)
Need a spacious 5br/4ba? Or might you be interested in monetizing your living experience with AIRBNB/Short Term Rental income, need all this space for Group Home business model, Student Housing, etc. Look no further!!! This beautiful Renovated Modern Farmhouse vibe historic Victorian home w/ finished 3rd floor in Chestnut Hills, perfect for primary residence or income property opportunities! Minutes from downtown & VCU! Fresh trend updates in 2021! Offers an open floor plan & still maintaining its charm w/ HARDWOODS that flow through the common area & original pine up the stairs. Open kitchen offers tons of storage at base cabinets & then artful upper new shelving for the organized kitchen & striking displays of your favorite cookbooks and accessories! Stainless appliances convey, island with overhanging pendent lights, recessed lighting & ceramic tile flooring. The 1st floor also features a private hallway with an additional room perfect for an office/study & full bath. 2018-All new electric, plumbing, HVAC. A sought after home sitting stately on a large lot with a wrap around porch, double rear decks for sunrises/sunset views and multiple car off street parking.
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2021-08-31historical
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2021-08-05price $399,000
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2021-07-22price $424,950
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2021-07-13price $449,950
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2021-06-30$459,950 Active
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2018-11-09soldstatus $244,897
-
2018-11-07soldstatus $244,897 Closed
-
2018-09-25status Pending
-
2018-09-19$249,900 Active
-
2018-09-13historical
-
2018-08-02$254,950 Active
-
2018-07-31historical
-
2018-07-22price $259,950
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2018-07-05price $265,900
-
2018-06-11$269,999 Active
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2018-05-31historical
-
2018-05-04price $274,995
-
2018-05-03status Active
-
2018-04-17historical
-
2018-04-03price $279,900
-
2018-03-01$299,000 Active
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2017-05-25soldstatus $112,500 Closed
-
2017-05-25soldstatus $112,500
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2017-05-04status Pending
-
2017-04-20price $129,000
-
2017-03-24status Active
-
2017-03-08historical
-
2017-03-02$139,900 Active
-
2009-09-22historical
-
2009-09-22historical
-
2007-09-02historical
-
2006-12-02historical
-
2006-12-01$105,000
-
2006-12-01$105,000
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2006-04-19$135,000
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2006-04-19$135,000
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2002-02-28soldstatus $380,000 1230-char remark
Show marketing remark (1230 chars)
Need a spacious 5br/4ba? Or might you be interested in monetizing your living experience with AIRBNB/Short Term Rental income, need all this space for Group Home business model, Student Housing, etc. Look no further!!! This beautiful Renovated Modern Farmhouse vibe historic Victorian home w/ finished 3rd floor in Chestnut Hills, perfect for primary residence or income property opportunities! Minutes from downtown & VCU! Fresh trend updates in 2021! Offers an open floor plan & still maintaining its charm w/ HARDWOODS that flow through the common area & original pine up the stairs. Open kitchen offers tons of storage at base cabinets & then artful upper new shelving for the organized kitchen & striking displays of your favorite cookbooks and accessories! Stainless appliances convey, island with overhanging pendent lights, recessed lighting & ceramic tile flooring. The 1st floor also features a private hallway with an additional room perfect for an office/study & full bath. 2018-All new electric, plumbing, HVAC. A sought after home sitting stately on a large lot with a wrap around porch, double rear decks for sunrises/sunset views and multiple car off street parking.
-
2001-11-13$254,900 1230-char remark
Show marketing remark (1230 chars)
Need a spacious 5br/4ba? Or might you be interested in monetizing your living experience with AIRBNB/Short Term Rental income, need all this space for Group Home business model, Student Housing, etc. Look no further!!! This beautiful Renovated Modern Farmhouse vibe historic Victorian home w/ finished 3rd floor in Chestnut Hills, perfect for primary residence or income property opportunities! Minutes from downtown & VCU! Fresh trend updates in 2021! Offers an open floor plan & still maintaining its charm w/ HARDWOODS that flow through the common area & original pine up the stairs. Open kitchen offers tons of storage at base cabinets & then artful upper new shelving for the organized kitchen & striking displays of your favorite cookbooks and accessories! Stainless appliances convey, island with overhanging pendent lights, recessed lighting & ceramic tile flooring. The 1st floor also features a private hallway with an additional room perfect for an office/study & full bath. 2018-All new electric, plumbing, HVAC. A sought after home sitting stately on a large lot with a wrap around porch, double rear decks for sunrises/sunset views and multiple car off street parking.
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast VA · Resets to sale price
- Current annual tax
- $4,908 · $409/mo
- Projected year-2 tax
- $4,908 · $409/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 8/10 Severe 7 d/yr ≥105°F today · 16 d/yr by 30 yrs out
- Wind 6/10 Major 27% chance of damaging wind over 30 yrs
- Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $32,314
- − Mortgage interest
- −$15,404
- − Property taxes
- −$4,908
- − Insurance
- −$1,375
- − Repairs & maintenance
- −$2,585
- − Management
- −$2,585
- − Depreciation
- −$8,000
- Taxable loss
- −$2,543
- Est. tax savings @ 24.0%
- +$610
- After-tax cash flow
- $2,550/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Richmond City Public School District
- NCES district ID
- 5103240
- Math proficiency
- 32% ▼ -24.00%
- Reading proficiency
- 47% ▼ -9.00%
- Median HH income
- $40,276
- Composite
- 33.09/100
- National rank
- #5564
- State rank
- #123 of 131 in VA
Livability — Richmond
- Score
- 84/100
- State rank
- #33
- US rank
- #793
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Richmond, VA
- County
- Richmond City · 178,280 people
- City population
- 287,109
- Metro
- Richmond, VA
- Population (ZIP)
- 26,322
- Household income
- $61,345
- Rent vs Own
- Severe rent burden
- 1325.0
Population outlook (Richmond County) Hauer SSP2
- Today (2025)
- 262,263 people
- By 2030
- 284,503 · +8.5%
- By 2040
- 327,353 · +24.8%
- By 2050
- 367,946 · +40.3%
- By 2075
- 449,560 · +71.4%
- By 2100
- 500,301 · +90.8%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly Black (70%)
- Race & ethnicity
- Black 70% White 21% Two or more races 4% Hispanic / Latino 3% Asian 2%
- Common ancestry
- Lithuanian 1% Italian 1% Serbian 1%
- Foreign-born
- 5% · Canada
- Languages at home
- 95% English-only · Spanish 2% Other Indo-European 1%
Political lean MEDSL · Richmond
- 2024 margin
- Solid D (+66.3) · D 82.0% · R 15.8% · Other 2.2%
- 2008→2024 swing
- +7.2pp toward D · 2008: 59.1pp · 2024: 66.3pp
- All cycles
- 2024: D+66.3 2020: D+68.0 2016: D+63.8 2012: D+55.7 2008: D+59.1
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -288.72%
- Current HPI
- 428.4029
- Rent YoY
- ▲ 7.43%
- Metro
- Richmond, VA
- State GDP YoY
- ▲ 2.40%
- F500 in state
- 50
Industry mix (Fortune 500 HQ in VA)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Aerospace / Defense | 4 | $236B |
|
||
| Technology / Defense | 3 | $32B |
|
||
| Financial Services | 2 | $176B |
|
||
| Utilities | 2 | $27B |
|
||
| Insurance | 2 | $25B |
|
||
| Technology | 2 | $15B |
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Price history
+7.9% since first listed44 events — show timeline
- 2026-05-13 Pending — CVRMLS
- 2026-03-13 Listed $275,000 CVRMLS
- 2021-10-21 Sold (MLS) $380,000 CVRMLS
- 2021-09-17 Pending — CVRMLS
- 2021-09-02 Listed $398,100 CVRMLS
- 2021-09-01 Price Changed $398,100 CVRMLS
- 2021-08-31 Listing Removed — CVRMLS
- 2021-08-05 Price Changed $399,000 CVRMLS
- 2021-07-22 Price Changed $424,950 CVRMLS
- 2021-07-13 Price Changed $449,950 CVRMLS
- 2021-06-30 Listed $459,950 CVRMLS
- 2018-11-09 Sold (Public Records) $244,897 Public Records
- 2018-11-07 Sold (MLS) $244,897 CVRMLS
- 2018-09-25 Pending — CVRMLS
- 2018-09-19 Listed $249,900 CVRMLS
- 2018-09-13 Listing Removed — CVRMLS
- 2018-08-02 Listed $254,950 CVRMLS
- 2018-07-31 Listing Removed — CVRMLS
- 2018-07-22 Price Changed $259,950 CVRMLS
- 2018-07-05 Price Changed $265,900 CVRMLS
- 2018-06-11 Listed $269,999 CVRMLS
- 2018-05-31 Listing Removed — CVRMLS
- 2018-05-04 Price Changed $274,995 CVRMLS
- 2018-05-03 Relisted — CVRMLS
- 2018-04-17 Listing Removed — CVRMLS
- 2018-04-03 Price Changed $279,900 CVRMLS
- 2018-03-01 Listed $299,000 CVRMLS
- 2017-05-25 Sold (Public Records) $112,500 Public Records
- 2017-05-25 Sold (MLS) $112,500 CVRMLS
- 2017-05-04 Pending — CVRMLS
- 2017-04-20 Price Changed $129,000 CVRMLS
- 2017-03-24 Relisted — CVRMLS
- 2017-03-08 Listing Removed — CVRMLS
- 2017-03-02 Listed $139,900 CVRMLS
- 2009-09-22 Listing Removed — CVRMLS
- 2009-09-22 Listing Removed — CVRMLS
- 2007-09-02 Listing Removed — CVRMLS
- 2006-12-02 Listing Removed — CVRMLS
- 2006-12-01 Listed $105,000 CVRMLS
- 2006-12-01 Listed $105,000 CVRMLS
- 2006-04-19 Listed $135,000 CVRMLS
- 2006-04-19 Listed $135,000 CVRMLS
- 2002-02-28 Sold (MLS) $380,000 CVRMLS
- 2001-11-13 Listed $254,900 CVRMLS
Property tax history
+6.2%/yrLatest (2022): $4,908 · +64.9% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…